Title

Authors

Document Type

Journal Article

Role

Author

Standard Number

0165-1765

Journal Title

Economics Letters

Volume

136

First Page

35

Last Page

38

Publication Date

2015

Abstract

This letter uses consumer survey data to estimate expectations-augmented Phillips curves with inflation expectations disaggregated by socioeconomic and demographic groups. The inflation expectations of high-income, college-educated, male, and working-age people play a larger role in inflation dynamics than do the expectations of other groups of consumers or of professional forecasters.